$RBLX Dethrones $ATVI as the most trusted US videogame company pic.twitter.com/9cHrPBx7p9 Sarah Needleman (@saraheneedleman) November 10, 2021
Activision has a bad look, and Roblox becomes the most valuable gaming company.
Activision has a market cap of about 52 milliards of dollars. According to the ‘Q3 and ‘October Earnings Report’, Roblox shares saw a 412% jump, and it climbed its market cap to $62 billion and placed it in the first position. Activision, on the other hand, had a bad price tumble after they announced a delay in the release of Overwatch 2 and Diablo 4. I’m glad to report that the developer community earned over 30 million dollars in the quarter and is on the road to earn a lot more than $500 million this year. As we finish 2021 and head back to 2022, we continue to invest in innovative technology to allow our developers to do what they do best. David Baszucki, chief executive at Roblox. Lastly, Robloxs recent success comes because of a recent large server outage that lasted for three days and hindered millions of players from playing games on Roblox. Activision Blizzard faced several issues earlier because of the ongoing investigation into sexual harassment and discrimination that affected the games’ public appearance. David Baszucki, the CEO of Roblox, said: “Engagement is a national star. Were very glad that while in the third quarter, all the ages and all over the world decided to spend more than 11 billion hours on Roblox. Read our other articles about Roblox here. For more news and updates on Mobile Games, join ourWhatsApp group,Telegram group, orDiscord server. See the Google news, Instagram and Twitter for quick updates.
